{"id":1676,"date":"2017-05-04T17:05:06","date_gmt":"2017-05-04T17:05:06","guid":{"rendered":"https:\/\/radcom.com\/?post_type=latest-news&#038;p=1676"},"modified":"2023-07-31T11:40:38","modified_gmt":"2023-07-31T11:40:38","slug":"radcom-reports-first-quarter-2017-financial-results","status":"publish","type":"latest-news","link":"https:\/\/radcom.com\/latest-news\/radcom-reports-first-quarter-2017-financial-results\/","title":{"rendered":"RADCOM Reports First Quarter 2017 Financial Results"},"content":{"rendered":"\n<p><strong><em>Q1 Revenues up 23% Year-Over-Year to $8.0 million<\/em><\/strong><\/p>\n\n\n\n<p><strong><em>Cash and Cash Equivalents of $40.7 million and No Debt as of March 31, 2017<\/em><\/strong><\/p>\n\n\n\n<p><strong>TEL-AVIV, Israel \u2013 May 4, 2017&#8211; RADCOM Ltd. (NASDAQ: RDCM)<\/strong>&nbsp;today reported its financial results for the first quarter ended March 31, 2017.<\/p>\n\n\n\n<p>\u201cWe were pleased with our strong first quarter execution highlighted by our relationship with AT&amp;T and with other top tier carriers globally,\u201d commented Mr. Yaron Ravkaie, RADCOM\u2019s CEO.&nbsp; \u201cDuring the quarter, our hybrid approach of enabling a path to NFV and future proofing purchasing decisions continued to resonate with carriers.&nbsp; Given our visibility for the remainder of the year, we are reiterating our 2017 revenue guidance of $36-$39 million.\u201d<\/p>\n\n\n\n<p><strong><u>First Quarter 2017 Financial Highlights<\/u><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenues:&nbsp;<\/strong>Total revenues for the first quarter were $8.0 million, up 23% compared to $6.5 million in the first quarter of 2016. &nbsp;<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Net Income\/(Loss):<\/strong>&nbsp;GAAP net loss for the period was $(0.3) million, or a loss of $(0.03) per diluted share, compared to net income of $0.9 million, or $0.10 per diluted share for the first quarter of 2016.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Non-GAAP Net Income:<\/strong>&nbsp; Non-GAAP net income for the period was $0.3 million, or $0.02 per diluted share, compared to net income of $1.3 million, or $0.14 per diluted share for the first quarter of 2016.<\/li>\n<\/ul>\n\n\n\n<p>GAAP and non-GAAP results for both the first quarter of 2017 and 2016, included no benefits related to grants from the Israel Innovation Authority (formerly Office of the Chief Scientist).<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Balance sheet:&nbsp;<\/strong>As of March 31, 2017, the Company had cash and cash equivalents of $40.7 million and no debt.&nbsp;&nbsp;&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong>Earnings Conference Call<\/strong><br>RADCOM&#8217;s management will hold an interactive conference call today at 8:00 AM Eastern Time (15:00 Israel Time) to discuss the results and to answer participants&#8217; questions. To join the call, please call one of the following numbers approximately five minutes before the call is scheduled to begin:<\/p>\n\n\n\n<p>From the US (toll-free): + 1-888-668-9141<\/p>\n\n\n\n<p>From other locations: +972-3-918-0609<\/p>\n\n\n\n<p>For those unable to listen to the call at the time, a replay will be available from May 5<sup>th<\/sup>&nbsp;on RADCOM&#8217;s website.<\/p>\n\n\n\n<p>##<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About RADCOM<\/h3>\n\n\n\n<p>RADCOM (NASDAQ: RDCM) is a first-mover and leading provider of NFV-ready service assurance and customer experience management solutions for Communications Service Providers (CSPs). RADCOM\u2019s software &#8211; MaveriQ &#8211; continuously monitors network performance and quality of services, to optimize user experience for CSPs\u2019 subscribers. RADCOM specializes in solutions for next-generation mobile and fixed networks, including LTE, VoLTE, IMS and others. MaveriQ enables CSPs to smoothly migrate their networks to NFV by assuring physical, NFV-based and hybrid networks. For more information, please visit\u00a0www.radcom.com.<\/p>\n\n\n\n<p><strong>Non-GAAP Information<\/strong><\/p>\n\n\n\n<p>Certain non-GAAP financial measures are included in this press release. These non-GAAP financial measures are provided to enhance the reader&#8217;s overall understanding of the Company\u2019s financial performance. By excluding non-cash stock-based compensation that has been expensed in accordance with ASC Topic 718, the Company\u2019s non-GAAP results provide information to both management and investors that is useful in assessing the Company\u2019s core operating performance and in evaluating and comparing the Company\u2019s results of operations on a consistent basis from period to period. These non-GAAP financial measures are also used by management to evaluate financial results and to plan and forecast future periods.&nbsp; The presentation of this additional information is not meant to be considered a substitute for the corresponding financial measures prepared in accordance with GAAP.<\/p>\n\n\n\n<p><br><strong>Risks Regarding Forward-Looking Statements<\/strong><\/p>\n\n\n\n<p>Certain statements made herein that use words such as \u201cestimate,\u201d \u201cproject,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201c&#8217;believe\u201d, &#8220;may&#8221;, &#8220;might&#8221;, &#8220;predict&#8221;, &#8220;potential&#8221;, &#8220;anticipate&#8221;, &#8220;plan&#8221; or similar expressions are intended to identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. For example, when the Company discusses its revenue guidance for 2017 it is using foward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties that could cause the actual results, performance or achievements of the Company to be materially different from those that may be expressed or implied by such statements, including, among others, changes in general economic and business conditions and specifically, decline in the demand for the Company\u2019s products, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on prices resulting from competition. For additional information regarding these and other risks and uncertainties associated with the Company\u2019s business, reference is made to the Company\u2019s reports filed from time to time with the U.S. Securities and Exchange Commission. The Company does not undertake to revise or update any forward-looking statements for any reason.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>RADCOM LTD.<\/strong><strong>Consolidated Statements of Operations<\/strong>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(thousands of U.S. dollars, except share and per share data)<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>&nbsp;<\/td><td>Three months ended<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;March 31,<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>2017<\/td><td>&nbsp;<\/td><td>2016<\/td><\/tr><tr><td>Revenues<\/td><td>$8,040&nbsp;<\/td><td>&nbsp;<\/td><td>$6,547&nbsp;<\/td><\/tr><tr><td>Cost of revenues<\/td><td>2,022<\/td><td>&nbsp;<\/td><td>1,693<\/td><\/tr><tr><td>Gross profit<\/td><td>6,018<\/td><td>&nbsp;<\/td><td>4,854<\/td><\/tr><tr><td>Research and development, gross<\/td><td>2,488<\/td><td>&nbsp;<\/td><td>1,836<\/td><\/tr><tr><td>Less &#8211; royalty-bearing participation<\/td><td>&#8211;<\/td><td>&nbsp;<\/td><td>&nbsp;&#8211;&nbsp;&nbsp;<\/td><\/tr><tr><td>Research and development, net<\/td><td>2,488<\/td><td>&nbsp;<\/td><td>1,836<\/td><\/tr><tr><td>Sales and marketing, net<\/td><td>2,897<\/td><td>&nbsp;<\/td><td>1,527<\/td><\/tr><tr><td>General and administrative<\/td><td>1,060<\/td><td>&nbsp;<\/td><td>871<\/td><\/tr><tr><td>Total operating expenses<\/td><td>6,445<\/td><td>&nbsp;<\/td><td>4,234<\/td><\/tr><tr><td>Operating (loss) income<\/td><td>-427<\/td><td>&nbsp;<\/td><td>620<\/td><\/tr><tr><td>Financing income, net<\/td><td>109<\/td><td>&nbsp;<\/td><td>289<\/td><\/tr><tr><td>(loss) Income before taxes<\/td><td>-318<\/td><td>&nbsp;<\/td><td>909<\/td><\/tr><tr><td>Taxes<\/td><td>-18<\/td><td>&nbsp;<\/td><td>-6<\/td><\/tr><tr><td>Net (loss) income<\/td><td>($336)<\/td><td>&nbsp;<\/td><td>$903&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Basic net (loss) income per<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>ordinary share<\/td><td>&nbsp;($0.03)<\/td><td>&nbsp;<\/td><td>&nbsp;&nbsp;$0.10&nbsp;<\/td><\/tr><tr><td>Diluted net (loss) income per<\/td><td>($0.03)<\/td><td>&nbsp;<\/td><td>$0.10&nbsp;<\/td><\/tr><tr><td>ordinary share<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Weighted average number of&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; ordinary shares used in<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; computing basic net income (loss) per ordinary share<\/td><td>11,650,479<\/td><td>&nbsp;<\/td><td>8,729,891<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Weighted average number of&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; ordinary shares used in<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; computing diluted net income (loss) per ordinary share<\/td><td>11,650,479<\/td><td>&nbsp;<\/td><td>9,307,539<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>RADCOM LTD.<\/strong><\/p>\n\n\n\n<p><strong>RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL INFORMATION<\/strong><\/p>\n\n\n\n<p>(thousands of U.S. dollars, except share and per share data)<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>&nbsp;<\/td><td>Three months ended&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>March 31,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>2017<\/td><td>&nbsp;<\/td><td>2016<\/td><\/tr><tr><td>GAAP gross profit&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><td>$6,018&nbsp;<\/td><td>&nbsp;<\/td><td>$4,854&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>47<\/td><td>&nbsp;<\/td><td>14<\/td><\/tr><tr><td>Non-GAAP gross profit<\/td><td>6,065<\/td><td>&nbsp;<\/td><td>4,868<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>2,488<\/td><td>&nbsp;<\/td><td>1,836<\/td><\/tr><tr><td>GAAP Research and development, net<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>109<\/td><td>&nbsp;<\/td><td>171<\/td><\/tr><tr><td>Non-GAAP Research and development, net<\/td><td>2,379<\/td><td>&nbsp;<\/td><td>1,665<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>2,897<\/td><td>&nbsp;<\/td><td>1,527<\/td><\/tr><tr><td>GAAP sales and marketing, net<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>128<\/td><td>&nbsp;<\/td><td>20<\/td><\/tr><tr><td>Non-GAAP selling and marketing, net<\/td><td>2,769<\/td><td>&nbsp;<\/td><td>1,507<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>1,060<\/td><td>&nbsp;<\/td><td>871<\/td><\/tr><tr><td>GAAP general and administrative<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>336<\/td><td>&nbsp;<\/td><td>232<\/td><\/tr><tr><td>Non-GAAP general and administrative<\/td><td>724<\/td><td>&nbsp;<\/td><td>639<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>6,445<\/td><td>&nbsp;<\/td><td>4,234<\/td><\/tr><tr><td>GAAP total operating expenses<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>573<\/td><td>&nbsp;<\/td><td>423<\/td><\/tr><tr><td>Non-GAAP total operating expenses<\/td><td>5,872<\/td><td>&nbsp;<\/td><td>3,811<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>-427<\/td><td>&nbsp;<\/td><td>620<\/td><\/tr><tr><td>GAAP operating (loss) income<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>620<\/td><td>&nbsp;<\/td><td>437<\/td><\/tr><tr><td>Non-GAAP operating income<\/td><td>193<\/td><td>&nbsp;<\/td><td>1,057<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>-318<\/td><td>&nbsp;<\/td><td>909<\/td><\/tr><tr><td>GAAP (loss) income before taxes on income<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>620<\/td><td>&nbsp;<\/td><td>437<\/td><\/tr><tr><td>Non-GAAP income before taxes on income<\/td><td>302<\/td><td>&nbsp;<\/td><td>1,346<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>-336<\/td><td>&nbsp;<\/td><td>903<\/td><\/tr><tr><td>GAAP net (loss) income<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>620<\/td><td>&nbsp;<\/td><td>437<\/td><\/tr><tr><td>Non-GAAP net income<\/td><td>284<\/td><td>&nbsp;<\/td><td>1,340<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>-0.03<\/td><td>&nbsp;<\/td><td>0.1<\/td><\/tr><tr><td>GAAP Net (loss) income per diluted share<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Stock-based compensation<\/td><td>0.05<\/td><td>&nbsp;<\/td><td>0.04<\/td><\/tr><tr><td>Non-GAAP Net income per diluted share<\/td><td>$0.02&nbsp;<\/td><td>&nbsp;<\/td><td>$0.14&nbsp;<\/td><\/tr><tr><td>Weighted average number of shares used to compute diluted net earnings per share<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>11,952,399<\/td><td>&nbsp;<\/td><td>9,307,539<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>RADCOM Ltd.<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Consolidated Balance Sheets<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>(thousands of U.S. dollars)<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>As of<\/td><td>&nbsp;<\/td><td>As of<\/td><\/tr><tr><td>&nbsp;<\/td><td>March 31,<\/td><td>&nbsp;<\/td><td>December 31,<\/td><\/tr><tr><td>&nbsp;<\/td><td>2017<\/td><td>&nbsp;<\/td><td>2016<\/td><\/tr><tr><td>Current Assets<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Cash and cash equivalents<\/td><td>$40,749&nbsp;<\/td><td>&nbsp;<\/td><td>$42,886&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Restricted bank deposits<\/td><td>34<\/td><td>&nbsp;<\/td><td>32<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Trade receivables, net<\/td><td>3,958<\/td><td>&nbsp;<\/td><td>4,388<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Inventories<\/td><td>513<\/td><td>&nbsp;<\/td><td>623<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Other receivables<\/td><td>1,598<\/td><td>&nbsp;<\/td><td>1,960<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Current Assets<\/td><td>46,852<\/td><td>&nbsp;<\/td><td>49,889<\/td><\/tr><tr><td>Severance pay fund<\/td><td>2,973<\/td><td>&nbsp;<\/td><td>2,788<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Other long-term receivables<\/td><td>306<\/td><td>&nbsp;<\/td><td>&nbsp;375<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Property and equipment, net<\/td><td>1,642<\/td><td>&nbsp;<\/td><td>1,516<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Assets<\/td><td>$51,773&nbsp;<\/td><td>&nbsp;<\/td><td>$54,568<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><\/tr><tr><td>Liabilities and Shareholders&#8217; Equity<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Current Liabilities<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Trade payables<\/td><td>$1,291&nbsp;<\/td><td>&nbsp;<\/td><td>$2,820&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; Deferred revenue and advances from customers<\/td><td>1,017<\/td><td>&nbsp;<\/td><td>2,593<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Employee and payroll accruals<\/td><td>3,258<\/td><td>&nbsp;<\/td><td>3,541<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; Other payables and accrued expenses<\/td><td>1,710<\/td><td>&nbsp;<\/td><td>2,081<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Current Liabilities<\/td><td>7,276<\/td><td>&nbsp;<\/td><td>11,035<\/td><\/tr><tr><td>Long-Term Liabilities<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; Deferred revenue<\/td><td>143<\/td><td>&nbsp;<\/td><td>123<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp; Accrued severance pay&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/td><td>3,526<\/td><td>&nbsp;<\/td><td>3,267<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Long-Term Liabilities<\/td><td>&nbsp;3,669<\/td><td>&nbsp;<\/td><td>3,390<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Liabilities<\/td><td>10,945<\/td><td>&nbsp;<\/td><td>14,425<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Shareholders&#8217; Equity<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Share capital<\/td><td>525<\/td><td>&nbsp;<\/td><td>523<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Additional paid-in capital<\/td><td>99,242<\/td><td>&nbsp;<\/td><td>98,283<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accumulated other comprehensive loss<\/td><td>-2,499<\/td><td>&nbsp;<\/td><td>-2,559<\/td><\/tr><tr><td>&nbsp;&nbsp;&nbsp;&nbsp; Accumulated deficit<\/td><td>-56,440<\/td><td>&nbsp;<\/td><td>-56,104<\/td><\/tr><tr><td>Total Shareholders&#8217; Equity<\/td><td>40,828<\/td><td>&nbsp;<\/td><td>&nbsp;40,143<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><td>&nbsp;<\/td><\/tr><tr><td>Total Liabilities and Shareholders&#8217; Equity<\/td><td>$51,773&nbsp;<\/td><td>&nbsp;<\/td><td>$54,568&nbsp;<\/td><\/tr><\/tbody><\/table><\/figure>\n","protected":false},"featured_media":0,"template":"","go-to-home-category":[],"latest-news-categories":[34],"class_list":["post-1676","latest-news","type-latest-news","status-publish","hentry","latest-news-categories-financial"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>RADCOM Reports First Quarter 2017 Financial Results | RADCOM<\/title>\n<meta name=\"description\" content=\"Latest News from RADCOM : RADCOM Reports First Quarter 2017 Financial Results\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/radcom.com\/latest-news\/radcom-reports-first-quarter-2017-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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